Apm Agreement

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Contract An agreement between two or more parties creating legally binding obligations between them. The treaty defines these obligations and the measures that can be taken if they are not met. APM Poti Terminals (APMT) and Poti New Terminals Corporation (PNTC) have signed an agreement for the joint development of a new bulk plant on the north side of the poti sea port, the company said in its press release. Under the agreement, APMT will invest in the construction of a new fallow water construction, 400 metres of wharf wall and dredging up to 13.5 metres of ship project, and PNTC will invest in the construction of a new dry and bulk transport facility, including a large construction area and a rail link to Poti. The agreement is conditional on compliance with certain conditions, such as .B obtaining the necessary building permits. “This is an important step towards our goal of developing the first-rate logistics solution in the port of Poti, which includes a modern bulk transport facility capable of handling Panamax vessels and managing different types of cargo on 25 hectares of custom-made surface. This infrastructure will make the supply chain more efficient and efficient for local and regional freight owners,” said Keld Mosgaard Christensen, Managing Director of APM Poti Terminals. The new bulk transportation plant will be built in the first phase of the port construction project and will generate an additional capacity of approximately 10 million tonnes for bulk transportation, which will greatly benefit port stakeholders and customers by providing deepwater designs that will enable faster transition, reliable and efficient services while generating economies of scale. “With an unprecedented investment in Phases 1 and 2 in the development of a new deepwater port in Poti, APM Terminals is clearly showing our confidence in the sustainable future of the Georgian logistics corridor and in the continued growth of national and regional economies that will stimulate businesses. This will benefit the local community by building on significant economic development, stimulating new business activities and enabling hundreds of direct and indirect jobs. The importance and positive effects of this strategic project give us confidence in the success of this initiative, achieved through effective cooperation and coordination among several stakeholders, in particular the Georgian government, whose strong support for this process is greatly appreciated. “Adds Keld Mosgaard Christensen. The agreement was signed in Poti on October 15, 2020.

About APM Poti Terminals In April 2011, nAPM Terminals purchased Den Poti Sea Port, Georgia`s largest port, a multifunctional facility with 15 cargo slots and RoRo service with a total length of 2,900 meters and more than 20 cranes docked.

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